Aspen Surgical Products in Caledonia, Mich. (southeast of Grand Rapids) today announced it has acquired Precept Medical Products in North Carolina. Precept is a leader in the U.S. surgical face mask market. Terms of the transaction were not disclosed.
Aspen offers surgical disposable products such as those used in hospital operating rooms, and Precept designs, manufacturers, and markets nonwoven, single-use protective medical apparel that addresses infection control, including its Fogshield face mask brand and a full line of procedure face masks, non-surgical isolation gowns, lab jackets, scrubs, coveralls, patient gowns, lab coats, and cold therapy packs.
“The Precept acquisition is a wonderful synergistic fit for Aspen, but it also enhances our portfolio with products that are critical for the health and safety of health care professionals,” says Jason Krieser, CEO of Aspen. “We feel strongly in the quality of Precept’s North American-manufactured PPE products, and we look forward to carrying on their mission to help fight preventable infections now at this critical time of pandemic and beyond.”
Precept operates a manufacturing facility in Mexico and distribution warehouses in Arizona and Virginia — a total of 200,000 square feet of manufacturing and distribution capacity.
“With common manufacturing, regulatory, sales, and distribution processes, we believe that bringing Aspen Surgical and Precept together will result in multiple opportunities to better serve our customers more efficiently and effectively,” says Greg Muller, CFO of Aspen. “To that end, we are also immediately investing in new capital at the Precept facility, which will increase capacity of PPE that can be provided to our U.S. customers in the midst of COVID-19.”
Aspen surgical was established in 1999. It offers blades and scalpels, operating room accessories, patient and staff safety products, basic wound care products, and instrument care products. It has facilities in Caledonia and Puerto Rico.
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